FullTimeTrader
Short

GBPUSD-bullish cypher forming on D1 chart

FX:GBPUSD   British Pound/U.S. Dollar
925 4 11
As you know im very bearish on this pair. It seems a textbook cypher is forming here.
The completion of this cypher coincides with a long term level of S/R visible on W1 chart:
snapshot
We could sell now against 1.5500 level and then look for longs at the cypher completion.
Best Regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis before opening a trade.
Managing is 60% of a trade, anytime I may decide not to open, close or even stop and reverse a trade depending on price action.
Any respectful and constructive ideas are welcome (agree or disagree).
We all are here to learn sharing ideas, have fun and improve our performance.
gfglenn1 PRO
a year ago
I would like to know the difference between Forex FX and Forex IDC?
Reply
FullTimeTrader gfglenn1
a year ago
Hello, i dont know also, seems not very important. You can search on the internet.
Reply
freeseries
a year ago
You have only one TP level for cable?
Reply
FullTimeTrader freeseries
a year ago
Hello, since im trading the point C of the cypher there no specific rules for TP. The target is ideal but we can put one more target on nex support level near 1.5163. Regards.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out